New data on Chinese “clean” energy dominance highlights the stakes as climate diplomats from the world’s two largest economies are set to face off. Why it matters: Biden aides fear China’s export of …
Monthly Archives For May 2024
China’s services activity growth eases in April, but new business and export orders accelerate
China’s Caixin/S&P Global services purchasing managers’ index (PMI) remained in expansionary territory for the 16th straight month in April, but eased from March, data released on Monday showed.
Macron, von der Leyen press China’s Xi on trade in Paris talks
By Elizabeth Pineau and Leigh Thomas PARIS (Reuters) -French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged China to ensure more balanced trade at the start of President …
Insider Sparks Wild Speculation An ‘Absolutely Enormous’ China Price Earthquake Could Be About To Hit Bitcoin And Crypto
I write about how bitcoin, crypto and blockchain can change the world. The bitcoin price has rallied 15% since crashing to lows of $56,000 per bitcoin last week, thanks to “stealth money printing” …
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETFs in Hong Kong.
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
Source: HKEX There have also been murmurs of potential access to Hong Kong’s Bitcoin and Ether ETFs in mainland China, according to industry experts … has suggested that these Hong Kong-based crypto …
GM-Backed Self-Driving Company Momenta Readies For US IPO Launch: Report
Auto major General Motors Co (NYSE:GM) backed Chinese self-driving company Beijing Momenta Technology Co. has reportedly filed confidentially for an initial public offering (IPO) in the U.S.. Momenta …
Shenzhen bourse-listed firms report profits of over 257 bln yuan in Q1
The bourse said that a total of 2,852 companies listed on the exchange disclosed their first quarterly reports, of which 1,597 companies registered a year-on-year increase in revenues, and 1,501 …
U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
GM’s fall from grace in China is staggering amid geopolitical tensions with the U.S., along with changing consumer sentiment and increased domestic competition.
Chinese EV maker BYD welcome to open factory in France, French finance minister says
France would welcome China’s electric vehicle giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday. “France welcomes all …
China’s trade war with the US is unlikely to cool down this election year, so it’s working on Europe instead
Chinese leader Xi Jinping is visiting France, aiming to refresh China-France ties amid complaints about China’s factory overcapacity.
Maintaining Digital Yuan Stability: Challenges and Solutions
The Digital Yuan, China’s central bank digital currency (CBDC), has emerged as a significant innovation in the realm of digital finance. As the world transitions towards a more digital economy, the …
Tourism in China surges during May Day holiday but travelers turn frugal
China has reported a surge in tourism during the just concluded Labor Day holiday, but travelers cut back on their spending, in a sign that consumption in world’s second largest economy remains …
